As of 2023, Capital One Financial has disclosed 2 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 2 absolute reduction targets, signaling the company's commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Capital One Financial's climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target | Scope 3 - Purchased Goods and Services (Cat. 1), Scope 3 - Fuel- and Energy-Related Services (Cat. 3), Scope 3 - Upstream Transportation and Distribution (Cat. 4), Scope 3 - Business Travel (Cat. 6), Scope 3 - Employee Commuting (Cat. 7), Scope 3 - Downstream Leased Assets (Cat. 13) | Metric Tonnes of CO2 equivalent (mtCO2e) | -50%a | 2030 |
Absolute-based Target | Scope 1 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | -50%a | 2030 |
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As of 2023, Capital One Financial has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint.a
As of 2023, Capital One Financial has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.a
Capital One Financial's most ambitious operational target is to reduce these emissions by 50% by 2030, compared to a baseline of 11,726 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019.a
As of 2023, Capital One Financial is ahead of schedule on its operational emissions reduction target, having achieved 53.14% of the planned reduction.a
As of 2023, Capital One Financial has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 6 out of the 15 Scope 3 categories defined by the GHG Protocol.a
Capital One Financial's most ambitious value chain target is to reduce these emissions by 50% by 2030, compared to a baseline of 768,659 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019.a
As of 2023, Capital One Financial is ahead of schedule on its value chain emissions reduction target, having achieved 65.18% of the planned reduction.a